Weil, Gotshal & Manges LLP, recently shortened its partnership track to 7.5 years to attract top talent. Partner compensation is collaborative, without origination credits, and was revised in 2024 to prioritize client relationship expansion based on internal reviews. The firrm has 1200 lawyers and 280 partners across three continents. This week the firm announced its […]
Orrick Herrington & Sutcliffe has recuited four M&A and private equity lawyes from Norton Rose Fulbright in Munich boosting the firm’s European transactional firepower. The firm’s media statement on the hires is below – “We’re excited to add a top-quality team with experience in the most sophisticated German and cross-border work for leading public companies
In a swift legal pivot, Elon Musk’s X Corp has voluntarily dismissed its high-stakes $90 million lawsuit against powerhouse law firm Wachtell Lipton Rosen & Katz, closing a bitter chapter from the chaotic 2022 Twitter takeover. Filed in San Francisco Superior Court back in 2023, the lawsuit accused Wachtell of pocketing an “improper bonus payment”
Elon Musk’s X Drops $90M Fee Fight Against Wachtell Lipton Read More »
Clifford Chance, is preparing to eliminate up to 50 London-based business services roles, roughly 10 percent of its London back-office cohort, in a move that underscores how generative artificial intelligence (AI) and offshore operations are reshaping Big Law.
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Clifford Chance cites AI gains as it axes 10% of London back-office team Read More »
Cravath Fires the Starting Gun, Milbank Plays Coy, and Everyone Scrambles Like It’s Black Friday Sonia Hickey Bonus season – that magical time of year when Biglaw associates pretend to care about “firm culture” while frantically refreshing their inboxes, praying for a six-figure dopamine hit before the holiday eggnog kicks in. As of November 20,
Tom Borman, LawFuel contributing editor Anglo-Australian biglaw’s Ashurst and US player Perkins Coie have decided to tie the knot, crafting a new transatlantic megalaw entity – to be Ashurst Perkins Coie – pending the perfunctory partner vote and regulatory nods. The new firm will straddle 52 offices in 23 countries, weaving a legal web from
Paul, Weiss continues its London talent-grab, this time hiring Francesca Storey-Harris as a partner in its M&A and Private Equity groups and once again targeting Kirkland & Ellis for the talent.
The firm, which has been assembling a transatlantic Avengers squad for months .. . register to read more
Paul Weiss Raids Kirklands Again, Snagging Rising M&A Star Read More »
Global law firm Squire Patton Boggs announced that it has incorporated and registered a presence in Azerbaijan and imminently will open its 48th office worldwide in Baku, the nation’s capital and commercial center. “The opening of our Baku office represents an important milestone in our firm’s continued international expansion,” said Chair and Global CEO Mark Ruehlmann.
Squire Patton Expands to Baku With 48th Firm Office Read More »
Big Law’s Next Taboo Ben Thomson, LawFuel contributing editor McDermott Will & Schulte has decided to dip a cautious toe into capitalism’s deep end, confirming it’s in “preliminary discussions” about selling a slice of the firm to outside investors. Chairman Ira Coleman delivered the usual corporate zen: they get “inbound interest,” they “listen to new
Slaughter and May’s Billion-Dollar Dilemma – Expand or Perish John Bowie, LawFuel publisher Slaughter and May, a member of the UK’s elite Magic Circle, has proudly charted a different course to its contemporaries. Rebuffing endless international expansion and a bigger partnership, it has maintained a tightly-knit operation. But is it sustainable? Where Slaughters’ rivals have
Can the Magic Circle’s Most Profitable Firm Survive Its Own Success? Read More »
